GCUC “Love Notes To Your Landlords” Panel
Small Business Labs, the boutique research firm that focuses on the future of work, estimates that by 2020, there will be 26,000 coworking spaces globally. The growth of coworking spaces is in response to the dramatic increase of entrepreneurs, startups, and corporates who want to experience coworking. As of October this year, Deskmag estimates that there are 13,600 coworking operators globally, and the number of coworking spaces is expected to double in three years!
This uptrend begs the question: Where will all these new coworking spaces go? Currently, there’s a limit on the number of shared spaces that can occupy the same building. First on the scene well before coworking became mainstream, many serviced offices have signed leases with exclusive rights to a building, meaning no other shared spaces, including coworking can be in that building. As the demand for coworking grows, there will be a shortage of good buildings to choose from. And savvy landlords know this.
We believe that there will be a shift in the balance of power from coworking operators who had a wide choice of options to landlords who can afford to be more selective of coworking operators.
As a coworking operator, what do I need to do to be THE coworking operator? What types of concessions can you expect the landlord to give? Can you expect the landlord to pay for all CapEx?
As a landlord, what “type” of coworking operator should you partner with? What criteria should you be looking at in order to make the best decision? Is it a good idea to build your own coworking and operate the space yourself?
At the upcoming Global Coworking Unconference Conference (GCUC) event, GorillaSpace’s Ben will be kicking off the conference with a panel discussion “Love Notes To Your Landlord.” He will moderate the panel with a well-funded coworking operator, a leading tenant representative specializing in coworking, as well as two institutional landlords. He will be leading the hard questions to both landlords and coworking operators. Be prepared to hear the insider tips of selection, operating agreements and structures, and joint ventures. Hear when it’s a good time to engage a tenant rep for road shows and negotiations.
Join us at GCUC Singapore on Nov. 9 (Thurs) at 11:15am for the “Love Notes To Your Landlord” panel. Get 20% off the regular price with discount code “GorillaSpace” with the sign up here. We are looking forward to our conversation at GCUC!